Which of the following statements is NOT correct regarding "the Fed", its concerns and the role it played in the LTCM rescue? Question 5 options: A) The Federal Reserve was concerned that the financial markets would overreact and question the solvency of a broad cross-section of international counterparties, thereby causing liquidity in the markets to fall substantially. B) The Fed did have jurisdiction over hedge funds; so its role was more as the lender of last resort than a mediator. C) The Federal Reserve System did not advance any of the rescue funds. D) It was also worried that large bank failures could cause systemic damage to the U.S. and global financial systems. E) William (Bill) J. McDonough, President of the New York Federal Reserve Bank, called together a consortium of major banks to explore the possibility of a rescue